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Executive is moving to more senior role
India is on track for a record year of IPOs. Global tech giants continue to plough capital into a fast-growing consumer economy that is investing heavily in ensuring it’s a major player — along with the US and China — in an AI-first world
◆ Deal finds demand despite arrest of South Korea's president ◆ High single digit concession left for investors ◆ Leads added spread to calm concerns
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  • Moody’s has boosted South Korea's credit rating by one notch to Aa2, thanks to the country's robust credit strength and its commitment to structural reforms.
  • Industrial and Commercial Bank of China (Europe) has received approval from the Luxembourg regulator for its ICBC Credit Suisse S&P China 500 Index Fund this week. The fund is the first Ucits product using Luxembourg’s own quote under the RMB Qualified Foreign Institutional Investor (RQFII) scheme.
  • Tata Chemicals Europe's £140m ($216m) five year dual-tranche facility has received commitments from two banks and is set to wind up in January.
  • San Miguel Corp is leaning towards peso as its currency of choice for a $1.1bn financing for a potential joint venture with telecommunications company Telstra.
  • The Stock Exchange of Thailand is aiming to hit Bt270bn ($7.5bn) in market capitalization for IPOs in 2016, after beating its target for this year by nearly Bt50bn, according to a statement from the bourse.
  • A $305m three year borrowing for Tata Power's subsidiary, Khopoli Investments, has received commitments from two banks, having been in general syndication since September.
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